S&P Global Inc. (NYSE:SPGI) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.6% during the 4th quarter, Holdings Channel reports. The firm owned 1,811 shares of the business services provider’s stock after selling 500 shares during the period. Bar Harbor Wealth Management’s holdings in S&P Global were worth $902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eastern Bank grew its position in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after buying an additional 1,530 shares during the last quarter. Fulcrum Capital LLC grew its holdings in shares of S&P Global by 0.4% in the 4th quarter. Fulcrum Capital LLC now owns 21,225 shares of the business services provider’s stock worth $10,571,000 after acquiring an additional 77 shares during the last quarter. Accelerate Investment Advisors LLC raised its position in shares of S&P Global by 34.9% during the fourth quarter. Accelerate Investment Advisors LLC now owns 773 shares of the business services provider’s stock worth $385,000 after purchasing an additional 200 shares during the period. Wedmont Private Capital lifted its holdings in shares of S&P Global by 7.9% during the fourth quarter. Wedmont Private Capital now owns 4,519 shares of the business services provider’s stock valued at $2,181,000 after purchasing an additional 332 shares during the last quarter. Finally, Westmount Partners LLC lifted its holdings in shares of S&P Global by 1.1% during the fourth quarter. Westmount Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

SPGI stock traded down $0.56 during midday trading on Monday, hitting $482.16. 861,902 shares of the company traded hands, compared to its average volume of 1,208,838. The business has a 50 day simple moving average of $504.66 and a 200-day simple moving average of $499.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a market capitalization of $149.61 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.